Golden Eagle Shares (600232): Wholly Owned Subsidiaries Receive Part Of The Levy.

Zhejiang Golden Eagle Limited by Share Ltd announcements of wholly owned subsidiaries receiving partial relocation compensation

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or major omission in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

Zhejiang Golden Eagle Limited by Share Ltd (hereinafter referred to as the "company") held the Twelfth Meeting of the ninth board of directors in September 25, 2019. It considered and adopted the motion of a wholly owned subsidiary to sign the compensation agreement for resettlement. In October 11, 2019, it held the first time general meeting of shareholders in 2019 to adopt the resolution. The compensation price and subsidy amount of the Jiaxing Jinying silk spinning Co., Ltd., a wholly owned subsidiary of the state-owned enterprise Zhejiang Xinghui industrial limited liability company of the Zhejiang economic and Technological Development Zone of the Zhejiang economic and Technological Development Zone, is RMB 168 million yuan. The details are listed in the company's provisional 2019-049, 2019-056 and 2019-056 notices.

Recently, Zhejiang Jinying silk spinning Co., Ltd. received second compensation payments from Zhejiang Xinghui industrial limited liability company, accounting for 50402083 yuan. As of the date of this announcement, the company's wholly owned subsidiary received a total of 100800000 yuan of levy compensation.

According to the relevant provisions of the accounting standards for enterprises, after the levy is fully put in place, it is necessary to deduct the net assets of the levy, the resettlement compensation fee, the relocation fee and the related taxes and fees. The levy is expected to have a positive impact on the company's business performance this year, and the exact amount will be based on the results of the annual auditor's confirmation.

The company will fulfill the obligation of information disclosure in time according to the progress, and invite investors to pay attention to investment risk.

Notice hereby.

Zhejiang Golden Eagle Limited by Share Ltd board July 6, 2020